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Also, only about half of the companies examined conduct postinvestment reviews. However, when such reviews do get done, the primary intentions are perceived to be to learn lessons from investment decisions and to improve forecasting. Fewer companies use the reviews to help improve their capital planning process. Ways to Improve Companies with the highest level of satisfaction with their capital planning processes use the following techniques: Treat all proposals consistently. Best-practice companies evaluate all capital spending proposals consistently. That is, they do not approach different kinds of capital investment in different ways. There is no special treatment for strategic investment decisions (i.e., top-down initiatives, as opposed to bottom-up proposals). Assess risks. Sound risk-management principles are an essential component of the capital planning process. Uncertainty risk (e.g., business cycle, commodity prices, foreign exchange, and interest rates) should be assessed using sensitivity/scenario (what-if) analysis. As for implementation risk, companies need to examine whether they are well equipped to deliver the projects. Consider all stakeholders. The capital planning process should address the wants and needs of multiple stakeholders, not just those of shareholders. Use nonfinancial measures. Factors such as customer satisfaction, employee attrition, and market share should be used along with traditional financial factors to support proposals. Expand breadth. The breadth of what is included in the capital planning process should be expanded, to include such elements as brand investment and other intangibles. Do a postaudit. Significantly more of the best-practice companies tend to conduct postinvestment reviews: 78% of these companies always or usually do them, as opposed to just 50% of the rest.



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Computers are part of the high-tech world in which we live, and they are certainly involved in at least some portion, and perhaps a high portion, of the frauds with which we are concerned But are these losses also covered, are they in addition to what we believe we know, or is there some element of double counting Again, we do not know There is no organization believed to keep accurate loss figures on hightech and computer crime, and even the FBI, long in the crime statistics business, has difficulty capturing such data Compounding this issue are organizational disincentives for revealing such data, to include negative publicity, decreased stockholder acceptance, and customer confidence Given this state of affairs, organizations such as the Computer Security Institute, in conjunction with the FBI International Computer Crime Squad, conducted the 1999 Computer Crime and Security Survey.





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fully, none of them moving One of the managers later told Soteroff that he was afraid to breathe After five long minutes, Soteroff spoke again Okay If this is where we are, then we will go forward together from this point We re going to work hard, and you are going to be successful Soteroff s five-minute stare was the turning point for Europe Growth became the battle cry Every success earned a congratulatory handshake from Soteroff, followed by a Schneider-like question Okay, how are you going to get to the next level What s your plan With the hard push and the hard work came the growth, and also the pride From Iceland to Turkey, brokers/owners became proud to wear a RE/MAX pin The idea of owning and operating a real estate business with international connections was new and innovative in Europe.

This vehicle revealed the following results:27 62% of organizations had a computer security breach within the last year 30% reported system penetration by outsiders 57% pointed to their Internet connection as the point of entry from outside intrusion 32% reported denial of service attacks 19% experienced sabotage of data or networks 14% were victims of financial fraud 90% had incidents of virus contamination 55% had incidents of unauthorized access by insiders 97% reported abuse of Internet privileges by their employees 69% lost laptops to theft 26% said they had experienced theft of proprietary information 32% of the responding organizations had reported serious incidents to law enforcement in the last year.

where rn is the distance from the reference point to the nth element. For a uniformly spaced array, rn = (n 1) d. Now de ne matrices A and B, where A is: A = F* F and the elements of B are: Bnm = 1 f1 ( , ) exp[ jkd (n m)sin ]d 4 (2.26) (2.25)

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